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The world of NFTs reached Instagram and Facebook

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Finally, the ability to share NFT on Instagram and Facebook, which are among the most popular social networks around the world, has become available to American users. US users can now connect to their virtual wallets from the mentioned apps and will be able to share NFTs. Needless to say, the feature will be available in 100 countries.

Last summer Meta company gradually released NFT functionality for its social networks. The company first announced NFT support in May 2022, and then the feature was unveiled for Facebook in June. After passing the initial stages and the introduction of this new service, users were able to send NFT between Facebook and Instagram platforms in August.

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Although until some time ago, only a limited number of selected users were using the NFT sharing feature on Instagram and Facebook as a test, but thanks to the recent update and considering the huge number of users of these two platforms, which reaches a total of 4.3 billion people, the presence NFTs have spread significantly in social networks.

Until now, Meta company supports NFTs in three blockchains: Ethereum, Polygon, and Flow, and it is likely that we will see the addition of Solana blockchain in the future. We should also point out that currently the economic situation of Meta Company is very unstable and this company plans to temporarily stop hiring some groups or make changes in the structure of its various departments in order to improve the situation. In addition to the above, Meta has postponed the implementation of some of its programs and is thinking about reducing the budget of its groups.

The ability to share NFT on Instagram and Facebook has been widely released while the CEO of the mother company of these two platforms (Mark Zuckerberg) has announced that he has witnessed the loss of capital of this company for the first time in his 18 years of operation. Zuckerberg continued his speech and added that Meta will become a smaller company by the end of 2023 due to losses. At the end of his speech, the managing director of Meta raised the issue that he hoped that the global economic situation has stabilized in the current situation. Now, despite the unbalanced state of the world economy, Meta Company is putting conservative policies on its agenda.

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Adib

Adib Zahedi is the CEO and Founder of mazhd.com. He has nearly a decade of experience in IT, including two years spent working on a Youtube Chennal. He is also an author and writes articles for mazhd.com. Has articles include tutorials and covers everything from Windows PCs to smartphone's software.

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